News List
From extraction to processing/ mining sector needs investment
The head of Iran Stone Association, while pointing to the need for new investment in the country’s mining sector, stated: “The mining sector, from exploration to extraction and processing, downstream industries, and the mineral chain, needs investment to be far from exporting raw materials.” Bahram Shakouri, in an interview with IRNA’s economic correspondent, referring…
Iran’s steel output up 3.7% y/y to 3.3 million mt in March
Iran ramped up its steel output in March to become the world’s seventh largest producer, according to figures released by the World Steel Association (worldseeel). Worldsteel figures cited in a Wednesday report by Fars news agency showed that Iranian steel mills had churned out some 3.3 million metric tons (mt) of the metal in…
Effective & impressive Participation of Persian Gulf Special Economic Zone Industries in providing relief Efforts for the Shahid Rajaee Port Incident
Mohammad Reza Pirhosseinlou, Managing Director of the Persian Gulf Special Economic Zone (a subsidiary of IMIDRO), while expressing his sympathy to the honorable and bereaved people of Bandar Abbas and the families affected by the tragic incident at Shahid Rajaee Port, stated: The Persian Gulf Mineral and Metal Industrial Special Economic Zone has actively…
Scrap Prices Fall in Turkey
Imported iron scrap prices in Turkey have fallen to their lowest level since June 2022, recording the lowest level in the past three years, with a decrease of $20 compared to last week. Prices have also fallen by $50 to $60 per ton since the beginning of the month, when they were around $380…
National Iranian Steel Company’s capability to export steel technical and engineering services to Africa
Regarding the 7th Iran Expo 2025 in Tehran, Managing Director of National Iranian Steel Company stated: “We have the capability to export steel technical and engineering services to Africa.” According to the Public Relations of National Iranian Steel Company, Younesian noted: during the third Iran-Africa Economic summit in which domestic producers of localized products…
The program to commence the execution of a $4 billion mining and mineral industries project this year / Aghajanlou’s request to Aref for sustainable energy supply and connecting the south’s special economic zones to railway lines
The chief of the executive board of directors of IMIDRO announced the start of operations for the $4 billion project this year, stating that these projects includes a range of steel, copper, According to the public relations of IMIDRO, Mohammad Aghajanlou during the visit of Mohammad Reza Aref, the First Vice President, and Mohammad…
Cautious outlook for Asia Steel in the second quarter
In the second quarter of 2025, the Asian steel market has faced increased trade tensions, tariff threats, and supportive measures. This situation comes as steel futures prices in China have fallen and spot market steel prices have fallen sharply in early April. Meanwhile, Asian steel market participants are cautious and trying to…
Iran Expo facilitates exchanges between Iran and Africa / $10 billion surge in trade
The Minister of Industry, Mine, and Trade, while pointing to the widespread future cooperation potentials between Iran and Africa, announced a tenfold increase in trade transactions, reaching up to $10 billion. Mohammad Atabak declared: during the opening of the third Iran-Africa Cooperation summit, attended by President Masoud Pezeshkian and First Vice President Mohammad Reza…
Vale sees iron ore prices above $85 despite tariff turmoil
Vale SA, one of the world’s top iron ore producers, dismissed analysts’ predictions that prices of the steelmaking material will tumble below $85 a ton amid a tariff-fueled economic slowdown. “Below $90 a ton there will be a very significant percentage of global production that will be under water, that will lose money, and…
Imidro’s sea-based strategy development program in the form of a comprehensive plan/ Emphasis on accelerating the implementation of programs in the joint working group of the sea-based economy
The Chairman of the Executive Board of Directors of Imidro stated: This organization’s plan to develop a sea-based strategy in order to grow exports and implement the policies of this sector in the field of mine and mineral industries. According to the Public Relations of Imidro, Mohammad Aghajanlou, in a co-thinking meeting to…
